Skip to main content

About your Search

20100401
20100430
Search Results 0 to 8 of about 9
day now. plus the aggressive incentives toyota is putting out there. are they going down the same road that, well, hey, look, gm would not say that was such a wonderful road, was it? should toyota beware? and here are your morning movers. still hovering shy of 11,000. your biggest mover today is celgene and amazon on the move. we'll be back. >>> 45 minutes into the trading day. the dow up more than 10% since the february lows. boeing, du pont and disney, the biggest gainer on the blue chip index. auto nation, one of the best performers on the s&p. the company boosting earnings guidance for first quarter. and las vegas sans, u.s. steel, also hiting fresh 52-week lows. matt nesto told you yesterday about success in mccaw. we talked about las vegas sands. what else you got going on today, mr. nesto? >> let me talk about some of the upgrades, you mentioned the dow leaders. only eight stocks higher here today. du pont, pfizer and disney get upgraded this morning. du pont goes to neutral. off the underperform list at ba meryl this morning. you can see it is up .6%. pfizer, jpmorgan, is sayin
news on toyota. just agreeing to pay a record, mark, fine. this is $16.4 million. it's to u.s. safety regulators for the government's claim it delayed a massive accelerator pedal recall in january, and again, to give some perspective, that is a very small amount for a company like toyota. most fines are relative to the reputational issues, but when you think about wall street and the fines, for example, what this may cost goldman sachs, it's always the reputational issue that's much more costly than the actual fine. >> yeah. plus, now they've got that issue with their big suv, withdrawing it from sales because of safety concerns. hasn't been a good year for toyota. >> no, it has not. well, the s.e.c. reportedly investigating other mortgage deals by wall street's biggest firms after accusing goldman sachs of fraud. now we are going to be joined by senator kay bailey hutchison, republican member of the senate banking committee. she was obviously with us last week, and well, a lot of things have happened since then. senator hutchison, good to have you with us. we appreciate it. >> thank
this time. >>> moving on, it could be the smoking gun attorneys suing toyota needed. an internal e-mail obtained by cnbc showing a senior toyota executive warned the automaker to "come clean" about faulty accelerator pedals. phil lebeau covers the auto beat and just about everything else for cnbc, is live in chicago. phil? >> reporter: and david, this is the so-called smoking gun memo, although that might be overstating it a bit. it was a memo send by irv miller, who retired from toyota, a lead executive of toyota, from january 16th. here's the note in the memo getting the attention, revolving around whether or not they should alert the authorities about pedal defects. it says, "the time to hide on this is over. we need to come clean, and i believe that jim lentz and yoshi inaba were on the way to d.c. for meetings with nhtsa to discuss optioned." the so-called "come clean" e-mail sent five days before nhtsa was alerted of a recall from toyota of 2.3 million vehicles with faulty gas pedals. remember, last week, toyota was fined $16.4 million by the d.o.t. because it was slow in ena
to 11,000. >>> and the tale of two automakers. toyota and ford are both expected to post monthly sales profits. and whether you're waiting for a shipment or waiting online, the ipad frenzy is under way. we'll check all the hype, next on cnbc. ♪ as you can see, this isn't your typical midwestern farm. the reason lies six thousand miles away... in japan, where a producer of specialty eggs needed corn for feed... grown to precise standards. cargill identified the producer's needs, then introduced an illinois farmer to grow the exact corn needed... and developed a system to ship it separately, connecting the farmer with a japanese customer... who was very appreciative. this is how cargill works with customers. most people try to get rid of algae, and we're trying to grow it. the algae are very beautiful. they come in blue or red, golden, green. algae could be converted into biofuels... that we could someday run our cars on. in using algae to form biofuels, we're not competing with the food supply. and they absorb co2, so they help solve the greenhouse problem, as well. we're making a big
for toyota, which obviously owns luxury carmaker lexus. consumer reports issuing a rare don't buy recommendation for the 2010 gx 460 suv this is due to a risk of rollovers. first on cnbc, we have rick paul for "consumer reports." good to have you with us. how rare is this? >> excuse me? >> how rare is it to say, don't buy? >> we have not issued a warning for consumers not to buy a vehicle because of a safety risk since 2001. it is pretty rare. >> when did you make this decision and did you feel any pressure because consumer reports has been so consistently positive on toyotas deer toyotae braking issue. did you feel you needed to come on hard? >> no, this is something we found in one of our routine handling tests. in the test, when the gx 460 is pushed to its limits, the rear end swings out wide until the vehicle is almost sideways. if this was to happen in a real world situation, it could lead to a rollover. >> so don't buy it? >> we're telling people not it buy it until that is fixed. >> i'm no automotive engineer and perhaps neither are you, but perhaps you are, how do you fix
. eurozone debt, strains and rising trade protectionism. >>> and the hits just keep on coming for toyota. moody's investors service lowering its long-term debt rating for the world's largest automaker. the firm predicts low profit levels for toyota. they cannot buy a break lately. >> no. >>> and as we wait on the latest read in the housing market with existing home sales due at the top of the hour, which is obviously in about five minutes, a glimmer of good news in the apartment area. u.s. apartment vacancy rates have stopped rising. rents have seen a modest increase in the first quarter. joining us to talk about how the markets will react to that, rod petrick with stifel nicolaus, also a real estate analyst. rod, interesting, some, you know, a hedge fund manager was on the show the other day saying apartments are the way to go because as the markets recover, people forced to live at home or with extended family, they're going to go out and rent before they buy. so, this would be consistent with overall economic improvement, wouldn't it? >> absolutely. occupancies are already high with t
. now, what this will do -- obviously, this is linked to the whole toyota situation -- is it's going to reduce power to engines in cases where the brake and the accelerator are pressed at the same time. the announcement comes at a time when toyota continues to battle negative publicity over its recalls of cars involving reports of unintended acceleration, david, some of which we know were linked to the brakes and others of which were not. >> yes, possibly driver error. >> right. >>> all right, treasury secretary tim geithner delaying a report on whether china is a currency manipulator. it was originally due out on april 15th. geithner says he'll use g-20 meetings and a u.s./china strategic dialogue in beijing to urge china to budge on the yuan. very important, obviously. last week, china announced president hu jintao will attend a nuclear securities summit meeting in washington on april the 12th. and obviously, the decision made not to muddy the waters there, as we hope to get some cooperation from china on iran. for example, by pushing them all over the place on currency. but certai
. you heard some of that from phil lebeau. and we're waiting on more information from toyota. we're back in two minutes. . i switched to commodities. there's even more volatility in markets like gold and crude oil, and i can go long or short any time, with no special rules. commodities? yeah, and commodities always have value, unlike some stocks. well, how'd you get started? lind-waldock. call lind-waldock, the premier futures broker, at 800-445-2000 and see if commodities are right for you. i've been growing algae for 35 years. most people try to get rid of algae, and we're trying to grow it. the algae are very beautiful. they come in blue or red, golden, green. algae could be converted into biofuels... that we could someday run our cars on. in using algae to form biofuels, we're not competing with the food supply. and they absorb co2, so they help solve the greenhouse problem, as well. we're making a big commitment to finding out... just how much algae can help to meet... the fuel demands of the world. >>> we begin this hour with a one-two punch of breaking news. on capitol hill, forme
discipline in the company. last month was a big month. a lot of incentives came at the market. toyota led the market with a lot of incentives. old gm would have thrown a lot of money at this market just to catch up with everybody else. this gm is showing more discipline and i think you'll see that in the financial results. >> reporter: your inventory is already lower than you would like it to be. how much do you have to ramp it up here in the next few months, especially if the auto market really starts to take off and the consumer starts coming into showrooms? >> we're exploring ways all the time right now of how to get more product into this market. we have undercalled certain products -- equinox, terrain, some of these products we've undercalled and we're doing whatever we can to get more product into this market. >> reporter: but you're already at three shifts in this plant. the question will start coming up, does gm need to start considering reopening some of the plants that it earmarked for closure or delaying the closure of some of those plants, because it takes some time? >> i thin
Search Results 0 to 8 of about 9